search query: @author Ramanlal, P. / total: 5
reference: 4 / 5
| Author: | Hargis, K. Ramanlal, P. |
| Title: | When does internationalization enhance the development of domestic stock markets? |
| Journal: | Journal of Financial Intermediation
1998 : JUL, VOL. 7:3, p. 263-292 |
| Index terms: | FINANCIAL INTERMEDIARIES STOCK MARKETS DEVELOPMENT |
| Language: | eng |
| Abstract: | The authors develop a model to examine the impact of international cross-listing on domestic market liquidity and trading volume to determine when domestic market development is likely to follow. Greater information transparency between markets increases domestic market liquidity and volume, resulting in market development. Conversely, post-listing order flow migration away from the domestic market reduces its liquidity and volume, resulting in retardation. |
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